Society, economy & sport

Founding of New York Stock Exchange

12 May 1792

The New York Stock Exchange traces its origins to the Buttonwood Agreement, signed by twenty-four brokers and merchants who agreed to trade securities among themselves under fixed commissions. The name is said to come from a buttonwood tree on Wall Street, where they met. Initially they traded mostly government bonds and a few company shares. In 1817 the group adopted a formal constitution and a new name, which led to the New York Stock and Exchange Board and eventually to the present name. The NYSE became the largest stock exchange in the world by the value of listed companies, and its building on Wall Street is a symbol of American finance. Since 2013 it has been owned by the Intercontinental Exchange.

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This moment belongs to the Industrial era (1760 CE to 1914 CE), steam, factories and revolutions. You can also browse everything in the 18th century.